That was a long wait for the drop, still concerned by the divergence but gold signalled short earlier too. Before and after image image

Cable Update (GBPUSD)

Short set up for me H1 However there is some momentum divergence on H4 (price LH-LL momentum LH-HL) which does not bode well for this trade image

Cable Update (GBPUSD)

Could be a lot more to come today, break of structure and breaking into a trend looking ominous for Gu Consider that all the daily up move over the recent months has been corrective as the monthly is below the yearly so we might just be at the start ...

Cable Update (GBPUSD)

Is today the day D1 is close to a choch and bos all in one image

Cable Update (GBPUSD)

Might be time for the big short

Cable Update (GBPUSD)

Closed my cable trade/ not looking good and as i said this is corrective C , was hoping for a bit more upside but it is looking risky right now. Next trade

Cable Update (GBPUSD)

There is no basis for it to go to 161 at the moment

Cable Update (GBPUSD)

CHFJPY D1 above W1 and W1 above MN1 D1 pb made a nice abc as seen on H4 then broke the high on a single swing up now h4 is pulling back to the SBR from the abc correction , personally i would look to long

Cable Update (GBPUSD)

Your a bit late to the party , it has been long for the last 12 4H candles

Cable Update (GBPUSD)

D1 is still below W1 the change over into W1 is around 1908

Cable Update (GBPUSD)

Gold H4 has a Low ,High, higher low, higher high formation , although D1 is still below W1 it looks like we are heading into a larger correction upwards

Cable Update (GBPUSD)

EURUSD D1 above W1 and W1 below MN1 so current D/1 W1 swing is corrective long , look to trade the next pullback for swing C from H4/H1

Cable Update (GBPUSD)

I learnt to make spreadsheets at school too.

Cable Update (GBPUSD)

Longs still active , nothing changed today as above except for price is moving higher towards the RBS @ 2845 image image

Cable Update (GBPUSD)

I would not be so sure about it dropping 100s , i estimate 100 down to the old support before going up 100s D1 is above W1 there is a dip on D1 which has a nice abc correction on H4 this is indicative of an impulse move up with the first swing ...

Cable Update (GBPUSD)

Long still active on GU Nothing has changed W1 below MN1 D1 above W1 so current move is corrective until W1 breaks MN1 So we are still in swing 3 (impulse) of the D1/W1 swing which you can see on H4 but the true bottom lays on H1 Target is still ...

Cable Update (GBPUSD)

Just waiting for GBPUSD image

Cable Update (GBPUSD)

ABC s breaking to the upside image image image image

Cable Update (GBPUSD)

So we more or less are at the area i marked in my previous charts and lets see if we head up to maybe 2850 which is the old D1 RBS D1 is still above W1 and W1 is below MN1 means the whole wave up is corrective image

Cable Update (GBPUSD)

Nobody knows They are reversal patterns A (abc=B) C, unlike minor corrections but still corrective but larger degree

Cable Update (GBPUSD)